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Henderson acquires logistics centre in Hildesheim, Germany

Henderson Global Investors and Palmira Capital Partners have acquired a logistics center in Hildesheim, Germany, on behalf of the Henderson German Logistics Fund (HGLOF). It marks the seventh acquisition for the Fund.

It is a multi-functional distribution property with a lettable area of 44,631 sq m with a high degree of tenant flexibility, completed in 2013. The property is let to reifencom GmbH for ten years and currently used as a distribution centre for car and motorbikes tires and parts.

Thorsten Kiel, Manager of the Fund, said: "The Hanover region is an ideal location for a logistics centre intending to supply the north half of Germany, and represents one of the best prime locations in Germany, not least due to the liquidity of the investment market. "The long-term lease in place guarantees stable and reliable income. In addition, the high-quality and modern build of the property, combined with its ideal location insures its future against alternative uses."